EB-5 Extended Until November 21, 2019 as Senate Passes Continuing Resolution

Today the Senate passed a Continuing Resolution (CR) and avoided a government shutdown, extending the EB-5 Regional Center program “as is” through November 21, 2019. This gives interested families around 6 more weeks to get their I-526 filed.

The November 21st deadline for the Continuing Resolution also marks the date that the new EB-5 Modernization Regulation will take effect, which is set to make major changes to the nearly 30-year-old program including a significant increase in the minimum investment amount as well as changes to targeted employment areas.

The EB-5 minimum investment amount for a targeted employment area project is set to increase from $500,000 to $900,000 on Nov. 21. EB-5 investors looking to lock in the lower minimum investment amount still have time. For more information, email us at info@ctp-fl.com.